BOK introduces 24-hour won settlement pilot
The Bank of Korea (BOK) will begin a pilot program for its 24-hour offshore won settlement network in September, marking another step toward expanding foreign investors' access to the country's financial markets.
July 21, 2026 (MLN): The Bank of Korea (BOK) will begin a pilot program for its 24-hour offshore won settlement network in September, marking another step toward expanding foreign investors' access to the country's financial markets. According to the central bank, the new platform called the BOK Won International Wire Network is currently undergoing testing with four domestic lenders: Kookmin Bank, Woori Bank,...